Trading Lessons From the 1998 Russian Debt Default - BullBear Trading: Stock and Financial Market Technical Analysis2024-03-28T08:46:17Zhttps://www.thebullbear.com/forum/topics/trading-lessons-from-the-1998?commentId=3301355%3AComment%3A6468&feed=yes&xn_auth=no4/23/10 UPDATE: The Greek gov…tag:www.thebullbear.com,2010-04-23:3301355:Comment:64822010-04-23T18:16:25.000ZSteven Vincenthttps://www.thebullbear.com/profile/TheBullBear
4/23/10 UPDATE: The Greek government has asked for an activation of the $45 billion IMF/EU aid package so that it can pay its debt payments due on May 12th. So far the Euro has rallied, European equities are somewhat higer by about 1%, US equities are flattish and commodities have jumped by about 1.5%. Overall the reaction seems to be somewhat muted. It appears that this is a short term stop gap measure and that the underlying issues involved have not been ameliorated. The condition of worry…
4/23/10 UPDATE: The Greek government has asked for an activation of the $45 billion IMF/EU aid package so that it can pay its debt payments due on May 12th. So far the Euro has rallied, European equities are somewhat higer by about 1%, US equities are flattish and commodities have jumped by about 1.5%. Overall the reaction seems to be somewhat muted. It appears that this is a short term stop gap measure and that the underlying issues involved have not been ameliorated. The condition of worry and doubt over Greece should persist for some time. This may be bullish for markets as it is keeping money on the sidelines, fostering the "wall of worry". It's also possible that another shoe may drop over the weekend, setting up a "sell the news" scenario for Monday. The drama continues! Well, even if Greece were a b…tag:www.thebullbear.com,2010-04-23:3301355:Comment:64792010-04-23T05:15:27.000ZSteven Vincenthttps://www.thebullbear.com/profile/TheBullBear
Well, even if Greece were a big economy it would not make much difference. They can always print more money to paper over the old problems. This has been proven with the last Financial Panic. Ultimately they will do as they have always done and inflate the problems away until the next crisis comes along.
Well, even if Greece were a big economy it would not make much difference. They can always print more money to paper over the old problems. This has been proven with the last Financial Panic. Ultimately they will do as they have always done and inflate the problems away until the next crisis comes along. It looks suspicious all that…tag:www.thebullbear.com,2010-04-23:3301355:Comment:64682010-04-23T01:54:32.000Zvictorhttps://www.thebullbear.com/profile/victor
It looks suspicious all that noise over tiny Greece economy. Are they keep it as a catalysis for something bigger?
It looks suspicious all that noise over tiny Greece economy. Are they keep it as a catalysis for something bigger?